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The important thing is that Bitcoin doesn't [inflate]. Being convertible with other currencies means its value can only rise Value is a function of supply and
by DavidSJ 14y ago
The important thing is that Bitcoin doesn't [inflate]. Being convertible with other currencies means its value can only rise
Value is a function of supply and demand, not just supply. The value of a bitcoin can fall, as it has done many times in the past.
- guylhem 14y agoYes, it can fall at any point whenever demand goes down. But on a longer run, I believe demand won't go down but up, since it has this competitive advantage over other currencies.
- eru 14y agoIf you believe that, I encourage you to start your own bitcoin clone, and take in at least half of all mined coins. (Or just put money in current standard bitcoins.)
- guylhem 14y agoI don't even gave a 2 digits amount of BTC IIRC, but I do accept donations. And yeah, I'd like to have an alternative when bitcoin suffer the napster fate, because too many computing in the government hands could result in a bitcoin takeover